Software Solved stock price, funding rounds, valuation and financials

Software Solved annual revenue was £2.85 m in FY 2018

£2.9 M

Software Solved Revenue FY, 2018
Software Solved Gross profit (FY, 2018)1.6 M
Software Solved Gross profit margin (FY, 2018), %55.8%
Software Solved Net income (FY, 2018)88.1 K
Software Solved EBIT (FY, 2018)184.2 K
Software Solved Cash, 30-Apr-2018622.3 K

Software Solved Revenue

Software Solved revenue was £2.85 m in FY, 2018

Embed Graph

Software Solved Funding

Summary Metrics

Founding Date

1998

Software Solved Income Statement

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.6m2.8m2.7m2.7m2.9m

Cost of goods sold

1.1m1.4m1.4m1.2m1.3m

Gross profit

1.5m1.4m1.3m1.5m1.6m

Gross profit Margin, %

58%49%48%55%56%

Depreciation and amortization

43.0k25.8k51.1k37.1k50.1k

EBIT

233.1k(38.4k)(300.4k)218.1k184.2k

EBIT margin, %

9%(1%)(11%)8%6%

Interest expense

317.0292.05.6k30.2k12.1k

Interest income

3.6k2.3k14.6k4.0k1.7k

Pre tax profit

13.8k(33.9k)(291.4k)252.2k173.7k

Income tax expense

415.0(9.4k)(57.2k)85.6k

Net Income

13.4k(24.5k)(234.3k)252.2k88.1k

Software Solved Balance Sheet

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

583.5k447.1k552.2k384.7k622.3k

Accounts Receivable

319.0k433.1k398.7k434.1k381.5k

Current Assets

1.4m985.0k1.2m966.4k1.1m

PP&E

23.9k27.4k61.8k41.7k60.5k

Total Assets

1.5m1.5m1.7m1.8m1.8m

Accounts Payable

79.3k67.6k84.4k42.0k55.6k

Short-term debt

50.0k134.8k36.4k49.7k

Current Liabilities

465.0k482.2k811.2k713.8k737.4k

Long-term debt

46.0k164.0k50.4k32.2k

Non-Current Liabilities

46.0k164.0k50.4k36.9k

Total Debt

96.0k298.8k86.8k81.8k

Total Liabilities

465.0k528.2k975.2k764.1k774.3k

Common Stock

47.2k47.2k47.2k47.2k45.5k

Retained Earnings

894.1k869.6k635.4k887.6k943.0k

Total Equity

1.0m985.1k750.9k1.0m1.1m

Financial Leverage

1.5 x1.5 x2.3 x1.8 x1.7 x

Software Solved Ratios

GBPY, 2018

Financial Leverage

1.7 x